2 bedroom apartment for sale
Rokewood Apartments, 92 High Street, BR3 1DE
Share percentage 35%, full price £425,000, £7,438 Min Deposit.
Share percentage 35%, full price £425,000, £7,438 Min Deposit
Monthly Cost: £1,729
Rent £633,
Service charge £267,
Mortgage £829*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £90,000.
• You have a deposit of at least 5% of the share value.
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
Summary
This superb modern home is available to buy from as little as £148,750 with a 35% share!
Description
Situated on the ground floor and within a short walk of Beckenham Junction train station, this well presented apartment is being offered to the market with no onward chain and comes with parking. It has spacious accommodation that features an entrance hall that leads through to a wonderful open plan lounge/kitchen/diner with a door out to the garden. There are also two double bedrooms and a modern bathroom.
Situated just moments from the vibrant Beckenham High Street, you’ll enjoy easy access to a range of shops, cafes, and essential amenities. Excellent transport links nearby also provide swift connections to central London, making this a perfect choice for those seeking both tranquillity and convenience.
PRICING & AFFORDABILITY
Full Market Value: £425,000
35% Share Price: £148,750 (rent £633.07 pcm)
Minimum 5% Mortgage Deposit (35% share): £7,438
Approximate Service Charges: £266.77 pcm*
Shared Ownership Lease: approx. 116 years
Council Tax Band: D
Key Features
Modern Shared Ownership home
Ground floor
Parking
Less than ½ mile from Beckenham Junction train station
Chain-free
Just moments from Beckenham High Street amenities
Particulars
Tenure: Leasehold
Lease Length: 116 years
Council Tax Band: D
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes
Outside Space/Garden: n/a - Communal Garden
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 35%, full price £425,000, £7,438 Min Deposit. Calculated using a representative rate of 5.03%
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